The unemployment rate for veterans who served in the U.S. Armed Forces at any time since September 2001 fell 5% last year, according to the Bureau of Labor Statistics. And more major corporations are integrating programs to ensure that veterans are hired and remain employed.
Microsoft is one of the companies taking steps in this area. The tech giant teamed up with the Computing Technology Industry Association, to build a program that offers employment training and mentorship for veterans and active duty members of the military. Microsoft Software & Systems Academy (MSSA) provides information technology certification to its students.
“[For] those that want to try to get into the I.T. industry, why not create a path?” Chris Cortez, vice president of Military Affairs at Microsoft, told Cheddar in a recent interview.
Cortez, a retired major general in the U.S. Marine Corps, says that veterans and members of the military have a lot to offer to corporate America.
“In the military you’re grounded in leadership, in the mission, figuring out tough situations, getting the job done,” with limited resources, he said. These are qualities, Cortez says, are transferable to any industry.
After retiring, Cortez says his major struggle was understanding how his skills would fit into a traditional work setting. So he encourages companies to create more "pipelines and programs" to make the transition easier.
MSSA focuses on job development skills and also provides pointers for interviews and resume writing. Students can also be placed in a mentorship program to better understand corporate life. Those who are hired at Microsoft are assigned a work mentor for their first year with the company, Cortez said, adding that the program has allowed Microsoft to develop high veteran-retention rates.
“Our retention rate, above two years, is at 90 percent,” he said.
Haley Sacks, founder and CEO of Finance Is Cool, joined Cheddar News to provide tips on when hiring a financial planner is needed. "They will help you figure out exactly how to maximize your personal situation," she said. "They're going to think about your long-term plans, consider your goals and incorporate all of that into the structure that they create for you."
Scott Wren, senior global market strategist with Wells Fargo Investment Institute, joined Cheddar News to discuss Monday's market trading as earnings continue to trickle in and ahead of a Federal Reserve meeting next week.
The Walt Disney Co. will be laying off several thousand employees this week, a second round of cuts that’s part of a previously announced plan to eliminate 7,000 jobs this year.
Nissan Americas Chair Jeremie Papin spoke with Cheddar News and outlined the company's strategy, specifically its future in the electric vehicle market. "We foresee potentially 40% of our sales in 2030 being EVs," he said.
Restaurant inflation was up 8.8 percent from a year ago in March, according to the latest consumer price index, and customers say they're more carefully considering their culinary spending. Cheddar News correspondent Ashley Mastronardi visited Isabelle's Osteria in midtown Manhattan to ask patrons how the higher prices are impacting their wallets.
Longtime CNN host Don Lemon is out at the cable news network a little over two months after apologizing to viewers for on-air comments about Republican presidential candidate Nikki Haley, CNN announced Monday.